 Tacit was founded in 1997 as Tacit Knowledge Systems by David Gilmour, the founder of Giga Information Group (now owned by Forrester Research) and was headquartered in Palo Alto, CA.The company was funded by Draper Fisher Jurvetson (Steve Jurvetson was a company director), Woodside Fund, Alta Partners and the Royal Bank of Canada (RBC).In-Q-Tel was also an early investor in the company.